Dogecoin has pushed a cycle-style positioning metric to a level never seen 
before in its history, and the chart’s context suggests the market has only 
been in comparable territory twice, both times near major cycle lows. 
Alphractal founder and CEO Joao Wedson said DOGE has now crossed a key 
threshold in his “Number of Days Spent at a Profit” indicator. “For the first 
time, Dogecoin has accumulated more than 1,100 days in the past where the 
price was higher than today’s level,” Wedson wrote on X alongside the chart. 
“The Number of Days Spent at a Profit measures how many historical days traded 
above the current price, reflecting market memory and the aggregated 
positioning of holders over time. The higher the value, the longer the 
historical period that was traded at levels above the current price.” Related 
Reading: Ready For A 443% Dogecoin Move? The Meme Coin Just Touched A 
Historically Explosive Level The indicator is straightforward: it counts how 
many prior days in DOGE’s trading history printed prices above the current 
level. A higher reading implies today’s price sits below a larger share of 
Dogecoin’s historical “tape,” which can be interpreted as an expanded 
footprint of prior trading levels above spot—what Wedson calls “market 
memory.” What This Could Mean For Dogecoin The chart adds an important 
historical tell. Before this latest surge toward the 1,100+ day milestone, 
Dogecoin only moved above the 800-day level twice. Those two instances 
occurred around the March 2020 bottom and the October 2023 bottom, according 
to the chart and Wedson’s framing. Related Reading: Dogecoin Price Faces 
Critical Test As $0.074 Support Comes Into Focus In both historical cases, the 
move above 800 days coincided with a major turning point that was followed by 
parabolic runs in subsequent months. From the March 2020 low to the November 
2021 peak, DOGE rallied from about $0.0011 to its all-time high near $0.76, a 
gain of more than 65,000%. From the October 2023 low to December 2024, DOGE 
rose roughly 750%, climbing from about $0.0569 to $0.4846. Wedson emphasized 
that this is not a signal about an intraday swing but a longer-horizon 
condition. “This is a structural cycle metric, not just a short-term move,” he 
said—positioning the new 1,100+ day milestone as a regime-level datapoint 
about where today’s price sits versus Dogecoin’s historical distribution. The 
open question from here is whether this unprecedented reading will behave like 
prior extremes, where elevated “days above current price” aligned with cycle 
lows, or whether the market’s current structure breaks that historical rhyme. 
At press time, DOGE traded at $0.09705. Featured image created with DALL.E, 
chart from TradingView.com

Dogecoin Sets A New Record In A Key Cycle Indicator: Bottom In?

Solana Company unveiled plans for the “Pacific Backbone,” a high-speed 
infrastructure expansion across Asia-Pacific aimed at strengthening staking, 
validation, and institutional access within the Solana ecosystem. Solana 
Company Bets on Seoul, Tokyo, Singapore and Hong Kong The digital asset 
treasury (DAT) firm, Solana Company, (Nasdaq: HSDT), announced Monday that it 
intends to build what it […]

Solana Company Maps Out ‘Pacific Backbone’ Roadmap to Boost Asia-Pacific Infrastructure

Data shows cryptocurrency derivatives exchanges have racked up liquidations as 
Bitcoin and other assets have gone through a price retrace. Crypto 
Liquidations Have Crossed $500 Million During The Past Day According to data 
from CoinGlass, a massive amount of liquidations have piled up on digital 
asset derivatives platforms following the latest market volatility. 
&#8220;Liquidation&#8221; refers to the forceful closure that any open contract undergoes 
after it has incurred a loss of a specific degree (as defined by the 
exchange). Related Reading: Bitcoin Extreme Fear Streak Extends To 22 Days As 
Price Struggles Fast, violent moves tend to catch a large number of contracts 
off guard at once, so mass liquidation events tend to accompany them. The same 
has been the case with the volatility shown by Bitcoin and the company during 
the past day. As the table below shows, about $507 million in derivatives 
contracts have been liquidated over the last 24 hours. $438 million or 86% of 
the liquidations involved long contracts. This overwhelming majority in the 
leverage flush from the bullish bets is naturally because of the fact that the 
sharpest move inside this window was one to the downside. Bitcoin went from 
$67,700 to a low of $64,300 within the matter of a few hours. As the market 
has rebounded since this plunge, some short investors have also been 
liquidated, with their 24-hour liquidation figure sitting at $69 million. In 
terms of the individual assets, Bitcoin was once again the biggest contributor 
to the derivatives flush, with $233 million in contracts involved. Below is a 
heatmap that shows how liquidations have looked for the other coins. On-chain 
analytics firm Santiment has made an X post discussing the volatility, noting 
that it has caused a drop in the Bitcoin Open Interest. This indicator 
measures the total amount of positions related to BTC (in USD) that are 
currently open on all derivatives exchanges. As displayed in the above graph, 
the Bitcoin Open Interest plunged to $19.5 billion following the event, which 
is about half the level that the metric was at during the January peak of 
$38.3 billion. The indicator&#8217;s decline signifies a mix of liquidations and 
investors choosing to pull back on risk. Related Reading: Bitcoin Big-Money 
Exits: Large-Holder Supply Hits Lowest Since May 2025 In the same chart, 
Santiment has also attached the data for the Negative Sentiment, a metric that 
tracks the degree of bearish sentiment around BTC on the major social media 
platforms. This indicator has shot up alongside the price decline and hit a 
two-week high, implying a spike in FUD among retail investors. Bitcoin Price 
At the time of writing, Bitcoin is trading around $66,300, down nearly 5% over 
the past week. Featured image from Dall-E, chart from TradingView.com

Another $438M In Crypto Longs Gone As Bitcoin, Altcoins Pull Back

The equity offering builds on Backpack’s token announcement earlier this 
month, in which the first 62.5% of tokens will be distributed to users.

Backpack pledges 20% equity to token stakers amid IPO plans

The lawsuit highlights systemic risks in crypto markets, emphasizing the need 
for stricter regulations to prevent insider trading and market manipulation.
The post Jane Street sued for alleged front-running trades that accelerated 
Terraform Labs meltdown appeared first on Crypto Briefing.

Cryptocurrency price in KWD